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Africa P.E. Insider: A Closer Look At Africa’s Private Equity Market

By Anna B. Wroblewska, 11:17 pm AFKI Original

African private equity is unique, particularly when compared to the complex leveraged buyouts popularized by such movies as Barbarians at the Gate. More and more private equity is flocking to the region: according to Ernst & Young, 2013 saw a 43 percent rise in capital raised by Africa-focused funds to $3.3 billion. It might not, as a recent Investec report notes, be an enormous number, but it is growing rapidly. According to the bank, about $4.5 billion is currently being raised by Africa-focused funds. On the other hand, the report notes that specialization and regionally-focused funds are also on the rise. These include anything from infrastructure investors focused on issues like power and transport, to “impact” investors focused on areas like affordable housing.

Q&A: Social Media Week Lagos To Be Even Bigger And Better

Thinkstock By Paul Adepoju, 12:56 pm AFKI Original

Social media is a big deal in Nigeria which has one of the world’s fastest mobile and internet penetration rates. Several issues that started in Nigeria — as mere conversations on social media — have gone viral to become globally trending topics. Last year, Johannesburg became the second African city to host the event. Next month, the event returns to Lagos but to a new venue on the island and with new additions.

Investment In Green Energy Will Power Africa Into The Future

The world at night.
Data courtesy Marc Imhoff of NASA GSFC and Christopher Elvidge of NOAA NGDC. Image by Craig Mayhew and Robert Simmon, NASA GSFC By Anna B. Wroblewska, 8:03 am AFKI Original

Renewables are gaining traction in Africa, and for good reason. The continent has widely dispersed electrification rates and relatively little in the way of energy infrastructure — and green energy could bypass those hurdles in much the same way cellphone technology bypassed traditional wired communication infrastructure. “Renewable energy… is alleviating a lot of problems in African infrastructure,”

Nigeria’s Nollywood Is Putting Hollywood To Shame

wikipedia.org By Global Risk Insights, 12:41 am

As one of the largest film industries in the world, behind only India’s Bollywood, Nigeria released over 2,000 films in 2013. This trumps even Hollywood in terms of films produced. Since the 1990s, “Nollywood,” as it is fondly known, has rapidly grown in line with Nigeria’s economic growth. The industry now contributes about 1.4% to the country’s GDP.

How Much Should An African Safari Will Cost?

dest_sa_hero-1_960x350 By Karen Elowitt, 5:00 pm

A quick glance at African safari options reveals a vast range of price points for seemingly similar products. When properties all seem to fall on the fringes of national parks – and guests all spend their time traversing the same terrain – the value of $100 per night versus $1100 per night can befuddle the first-time (or third-time) safari-goer.

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  • tourism

    15 Of The Best Wedding Venues In South Africa

    elizabethannedesigns.com By Karen Elowitt, 5:00 am

    Forget the cake, the dress and cars — what truly makes a wedding special is the venue. Whether it’s overlooking the ocean, surrounded by mountains or on a wine farm, South Africa has almost every option imaginable. If you’re a local or a tourist wanting a destination wedding, here are our top picks for places to get married in South Africa.

  • Agriculture

    Tobacco In Zimbabwe: High Prices Attracts More Small Scale Farmers

    zimbabwe tobacco
    By Kevin Mwanza, 4:09 am

    Over the years tobacco has been the top choice cash crop for many Zimbabwean farmers and is the leading foreign exchange earner for the country, contributing over 10 percent of its GDP. But interest in the commodity has increased in recent years as quality of production dropped in Brazil, the largest tobacco producer in the world, leading to higher tobacco prices on the international market.

  • Oil & Gas

    South Africa Port Seeks Investors For New Jetty, Oil Rig Repair

    en.trend.az By Staff, 2:50 am

    South Africa’s state-owned logistics group Transnet plans to name its preferred bidders for a new jetty and deep sea oil rig repair quay, valued at around 10 billion rand ($871.42 million), at its Saldanha Port by September this year. Situated along the West Coast about 120 km (72 miles) from Cape Town, Saldanha is South Africa’s deepest natural port and its geographical proximity to a slew of new oil and gas finds

  • Energy

    GE, Ghana Partner To Build 1000MW Gas-Powered Plant

    Thinkstock By Staff, 6:46 pm

    Mr Jeffery Immelt, Chief Executive Officer of General Electric on Tuesday arrived in Ghana to conclude negotiations with the execution of the $560 million Ghana 1000 megawatts gas powered plant. The final negotiations, which would be concluded on Wednesday would provide additional 1,200 megawatts of power to enable Ghana to become self-sufficient and a net exporter of energy.

  • Markets

    Namibia To Close Budget Deficit Via JSE Bond Listing

    Thinkstock By Staff, 6:33 pm

    The government of Namibia plans to tap into its Johannesburg Stock Exchange (JSE) listed bond facility and raise further money for its budgetary requirements. The Minister of Finance, Saara Kuugongelwa-Ama­dhila said this week that during the 2014/15 fiscal year, the government plans to tap from the same JSE listed facility preferably during the third term of the fiscal year.

  • Energy

    What’s Stopping The Progress Of Nigeria’s Transitional Power Market?

    NigeriaPPA
    By Makula Dunbar, 6:04 pm

    Chinedu Nebo, Nigeria’s Minister of Power has implemented a transitional power market, Bloomberg TV Africa reported. Purchase Power Agreements (PPA) to be aided by the work of new bulk traders have already gone into effect. When the new projects is fully underway, energy customers and stakeholders will begin to see a change within the power sector — increased tariffs, however, are on hold.

  • Business

    Putin Says He’ll Sell More Weapons To Africa

    Thinkstock By Staff, 4:14 pm

    Russia is planning to strengthen its presence in the arms dealing market across Africa, Russian President Vladimir Putin told a Kremlin commission last night. Putin said Russia will “use its reputation” to leverage deals with new partners, Newsweek reports. A U.K.-based NGO expressed serious concerns, saying Russia has a history of selling weapons to some of the most oppressive regimes in the world, including Syria and Iran.

  • Business

    Zimbabwe Mining Sees Influx Of Investment

    Photo: Zimplats/AllAfrica By Dana Sanchez, 3:29 pm

    Patrick Chinamasa became Zimbabwe’s finance minister after a September 2013 cabinet reshuffle, and he’s credited with helping improve relations with large mining companies, according to TheAfricanReport. Zimbabwe’s 2010 indigenization law called on international companies to transfer a 51-percent ownership to local investors. Here’s a few reasons why Zimbabwe is optimistic about investments, according to TheAfricanReport.

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